As the government's revenue from taxes and other sources fall short of its spending requirements, the government resorts to borrowings from markets and external sources. Public debt is the total liabilities of the central government contracted against the Consolidated Fund of India. It is further classified into internal & external debt. Internal debt is categorised into marketable and non-marketable securities. Marketable government securities include G-secs and T-Bills issued through auction. Non-marketable securities include intermediate treasury bills issued to state government's, special securities issued to national Small Savings Fund among others. Based on the spending targets and likely resource mobilisation on tax and non-tax front, the government announces its borrowing programme for the fiscal in the Budget. What is the size of Public Debt? The size of the government debt is important as a sizeable chunk of annual payments (around 25 per cent) is just the interest … [Read more...] about What constitutes Public Debt?
Personal debt ratio
Telangana's total debt stood at nearly Rs 1.43 lakh crore by the end of 2017-18, an 18 per cent increase over the preceding year, the CAG said in its report tabled on Sunday in the state assembly. The Comptroller and Auditor General also expressed concern that the interest payments by the government, relative to revenues, were higher at 12.19 per cent against the target of 8.31 per cent fixed by the 14th Finance Commission. "Outstanding public debt (Rs 1.42,918 crore) increased by 18 per cent in 2017-18 over the preceding year at a higher place than growth of GSDP (Gross State Domestic Product). Interest payments are increasingly consuming revenue receipts. The interest payments relative to revenue receipts were much higher at 12 per cent against the target of 8.31 per cent fixed by the 14th Finance Commission," the CAG said. The ratio of debt repayment to tax revenue also increased from six per cent in 2015-16 to 8.05 per cent 2017-18,it said. The maturity profile of outstanding … [Read more...] about Telangana stares at Rs 1.43 lakh cr public debt as on FY18: CAG
The Treasury said the debt ratios show that external debt is within a sustainable level and that public debt as a proportion of GDP remains low, well below the lower-middle-income country debt sustainability benchmark of 70 percent of GDP in present value terms. … [Read more...] about Kenya’s public debt hits 60.4 bln USD
NEW DELHI: Accusing the BJP-led government of "wrecking" India's economy, the Congress on Tuesday claimed that public debt increased by over Rs 30 lakh crore in 57 months of the Modi dispensation, pushing the nation into an "unending debt cycle". Citing Finance Ministry documents, Congress' chief spokesperson Randeep Surjewala said that between March 2014 and December 2018, India's public debt increased by a "whopping and shocking" 57 per cent, going up to Rs 83,40,026 crore. "The sensational and shocking documents of the Finance Ministry now reflect that the Modi government has taken loans of Rs 30,28,945 crore post March 2014-Dec 2018. In 70 years, the total debt of the country up to March 2014 was Rs 53,11,081 crore. It is clear that Modi ji took loans on India's resources and completely decimated India's economy," he alleged. Surjewala claimed that every individual who is facing a challenge of livelihood has been burdened by the debt taken by Prime Minister Narendra Modi and his … [Read more...] about Public debt went up by over Rs 30 lakh crore in 57 months of Modi govt: Congress
New Delhi: The government on Monday announced sale of 100 per cent stake in debt-laden Air India as it issued the preliminary bid document for the strategic disinvestment and has set March 17, as the deadline for submitting expression of interest. … [Read more...] about Govt puts entire stake of debt-laden Air India on the block